CHARITY REGISTRATION NUMBER: 292614 Satmar Nursery Trust Financial Statements 31 March 2025 BRINDLEY GOLDSTEIN LIMITED Chartered accountants & statutory auditor 103 High street Waltham Cr055 EN8 7AN
Satmar Nursery Trust Financlal Statements Year ended 31 March 2025 Page Trustees, annual report Independent auditor's report to the members statemenl of financial activities Statemenl of financial position Statemenl of cash flows 10 Noles to the financial statements 11
Satmar Nursery Trust Trustses. Annual Report Year endad 31 March 2025 The trustees present their report and the financial statements of the charty for the year ended 31 MarGh 2025. Reference and administrallve dotall8 Reglsterod charlty name Satmar Nursery Trust Charity registration number 292614 Principal office 4 Chardmore Road London N16 6HX The trustees Mi B. Berger Mr G. Berger Audhor Brindley Goldstein Limf(e Chartered accountsnts & stalulory auditor 103 High street Wakham Cross EN8 7AN StructUrn> govemanco and management The charity is governed by ts DeGlaration of Trust dated 29 July 1985 RerVeS The charity retains sufficlent reseNes lo enable (( to continue activities for the foreseeable fulure. Risk Manag•m8nt The charity is not exwsed to any identifiable risks. Public Benefit We ha referred to the guidance contained in the Charity Commission's general guidgnce on public benefit when reviewing our aims and objectives and in planning our future activities. Objectives and a¢tlvltles The charity assists by providing corbsuKancy and advisory services lo other I01 nurseries, alongside other ¢haTitable activities.
Satmar Nursery Trust Trustees, Annual Report Year ended 31 March 2025 A¢hieYements and perfornlance The charity has continued to provide direct nursery facilities for use by the local Jewish communty. In addition, the chartty continued lo provide consultancy services and suroort to other nurseries. The charity fec&ived donation income of £116,89712024.' £106,944). Financial review The ch8rity's xtivities have been financed by the nursery'¥ income from the DfEE Nursery Education Grant for the Nursery provision and parent f8es, supplemented by voluntary donations lo be able lo maintain its services to the community. The Iruslees have continuèd lo obtain donations which have resulted in the charty's satisfactory perfomiance. The costs of running the nursery and the charity in the year came lo £2,012,298 12024..£1,538,082}. The charity had a surplus in thè yèar of £190,169 12024.. £31.388}. The fund balance at the yearend is £330,109 {2024- £139.9401. Plans for futur8 periods The trustees are hopeful that they will be able to continue the nursery provision for th8 future and continue lo utilise the Trust to support needy families and other nurseries. Rogulatory Engagement Following the yearend, th8 charity engaged in constructive conversation with the Ch?rily Commission in relalion 10 9ranl-making govemanee. Al the date of 8pproval of this report. th8 charty remains in ongoing coopèration wilh the Charity Commission. Trustees. responslbllltles statement The trusle8s ar8 responsible for preparing the trusteès. report and the financial ststements in accordance with applicable law and Unf(ed Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to Gharities in England and Wales requires the charity Iruslees lo prepare financial stalÈmÈnts for 62£h year whh gwe 8 true and fair VI of the stale of affairs of the charity and of the incoming reSoUrS and application of resources, of the charity for that period. In preparing these financial $latemenls, the trustees are required lo.. select suitable acutIng policies and Ihen apply them nsistently., observe the methods and principlès in thè 8pplic*Jle Charfties SORP., mak8 judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will ntinUe in business.
Satmar Nursery Trust Trustees. Annual Report (¢ontlnu8dJ Year ended 31 March 2025 The trustees are responsible for keeping adequate accounting iecords that are sufficient lo show and explain the charity's transactions and disclose wi£h reasonable atturacy at any lime the financial position of the charty and enable th8m lo ensure that the financial statements comply with the Chari(ies Act 2011, the applicable Charities {Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are a150 resPQn5ible for safeguaiding the assets of the charity and hence for taking reasonable 5tep$ f¢r prevention and dètection of fraud and other irregularities. The trustees, annuol report Iruste s by.. pproved on 28 January 2026 and signed on behalf of the board of rB.Ber Trustee er
Satmar Nursery Trust Independent Audltor's Report to the Members of Satmar Nursery Trust Year ondad 31 March 2025 Opinion We have audrted the financial Slalements of Salmar Nursery Trust (the 'charty'l for the y8ar ended 31 March 2025 which comprise the 51atemenl of financial activities, statement of fi'nancial posrtion, statement of cash flows and the related notes. including a Summary of significant accounti policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generalty Ae¢epled Accounting Practi1. In our opinion the financial sta18m8nls'. give a true and fair view of the state of the charity's affairs as al 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have bèèn proparty prepared in accordance with United Kingdom Generally Accepted Accounting Practice- have been prepared in accordance with the requirements ofthe. Charities Act 2011. Basis for opinion We conducted our audit in accordance with Inlernalignal Standards on Audfcing (UK} IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the audilorfs responsibilities for the audit of the financi81 stements section of our report. We are independent of the charity in accordance with the ethical requirements that ar8 relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fu111ed our other elhic81 responsibilities in aecordance with these requiremerrts. We believe that the audr( evidence we have obtained is sufficient and approprie lo provide a basis for our opinion. Conclusk)ns relatlng to golng concem In audrting the financial slatemenls, we have concluded that th& trusteos, Use of the going concern basis of accounting in the preparation of the financial statements is aw)ropri818. Based on the work we have performed, we have not idenlrf*d 8ny material Ljncertainliès relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going concem for a period of al least e1ve rrKJnths from when the financial statements are aulhorised for issue. Our resFK)nsi)Ililiets and the re8ponsibililies of the trustees with respect to goiThJ conc8rn are described in the relevant sections of this report.
Satmar Nursery Trust Independent Audltor's Report to the Mernbers of Satmar Nursery Trust Iconllrni8d) Year ended 31 March 2025 Other information The other information comprises the infgrnialion included in the annual report, other than the financial stslemenls and our auditor's report Ihèreon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infomialion and, except to the extenl otheNJise explicitly slated In our rekK)r( we do not express any fomi of assurance Gonclusion Ihereon. In conn8Ction with our audrt of the financial statements, our responsibility is to read the other infomialion and, in doing so, consider whether the other information is materially inconsi51enl wilh the financial statements or our knowledge obtaineil in the audit or otherwise appears lo bè materially misstated. If we idenlfy such material inconsistencies or apparent material misstatemen15, we are required to detem)ine whether Ihere is a material misslatemenl in the financial statemènts or 8 material misstatement of the other information. If, based on the work we have performed, wa conclude that there 15 a material mi5slalement of this Qthei infomalion, we are required to report that fact. We have nothing to report in this regard. Matters on whlch are requlred to report by ex¢eption In the light of th8 knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matt8rs in relation to which the Charities Acl 2011 requires us to report to you if. in our ()inion". the inlormalion giv8n in thè trusteès, rèport is ineonsislenl In any material respect with the financial slalemenls-, or adequate accounting records have not been kept,. or the financial statements are nol in agreenI with the gccoun1lr records and rètums,. or we have not received all the infomiation and explanations we requlre for our audit. Responsibilities of trustees As explained more fully in the Irustee5' responsibilities ststemenl, the trustees are responsible for the preparation of the financial statements and for being satisfieé that they give a true and fair view, and for such intemal control as the Iru5tees determine is necessary to enable the preparation of financial slalemenls th are fr8e from material misstatement, whether due to fraud or erTrr. In preparing the financial slalements, the trust&8s are responsible for assessing the charity's ability to continue as a going concern, disclosing. as 81)plicable, mallers related lo going concern and using the going COnM basis of accounting unless the Iruslees erther intend lo liquidate the charty or to cease operations. or have no realistic aliemative bul lo do so.
Satmar Nursery Trust Independent Auditor's Report to the Members of Satmar Nursery Trust (conllnu Year ended 31 March 2025 Auditorfs responsibllities lor the audlt of the linancial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or effor, and to issue an 8udrf(orfs report that includes our opinion. Reasonable assurancè is a h level of assuran, but is not a guarantee that an audrt conducted in accordance with ISAS IUKI will always delecl a material misstslement when il exists. Misst2lèments can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence the economic d8CiSiDns of users tsken on the basis of these financial slaternent5. Irregularities, including fraud, are instances of non<ompli?n¢e with laws and regulations. We d8sign procedures in line with our responsibililtes, outlined abov8, to detect material misstatements in respect of irregularities, including fraud. The extent lo which our procedure5 are capable of detecting irregularities, including fraud is detaId below.. Idenlfying 8nd lesling journal entries and the overall accounting Tecords, partKulady those that were significant and unusual. Reviewing the financial statement disclosures and delenrining wheth8r accounting policies have been approprial8ly applied. Assessing the extent of compliance, or lack of, with relevant laws and regulations. Testing key revenue lines, for eviden of management bias. Verification of key assets. Obtaining third-party confimialion of material baFances. Documenting and verifying all significant reEated paty balances and transgctions. Reviewing documentation such as the company board minutes, correspondence wlch solic((0. for discussions of irregulanties including fraud. As part of an aud(t in accordance wf(h ISAS IUKI, we exercise profe8siona1 judgment and maintain professional sceplicism throughout the audit. We also.. Identfy ané assess the risks of material misstatement of the financial statements, wh8ther due lo fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo ptovide a basis for our opinion_ The risk of not detecting a material misslatemenl resutting from fraud is higher than for one $Iting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal eontrol. Obtsin an understanding of internal control relevant to the audit in order lo design audit procedures that are appropriate in the circumstances, bul not for the purpose of expressing an opinK)n on the effectiveness of the intemal eonlrol. Evaluate the appToprialeness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Satmar Nursery Trust Independent Auditor's Report to the Members of Satmar Nursgry Trust (¢onOnued) Year ended 31 March 2025 Conclude on the appropriateness of the Irust88s' use of the going concem basis of accounting and, based on the audit evidence obtsined, whether a material uncertainty exists related lo events or conditions that may c8St significant doubt on the charity's abilty lo continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in Ixjr auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our COlUsIonS afe based on the audit evidence obtained up lo the dale of our audito¢s report. How8V8r, future events or conditions may cause the charty to cease to continua as a going concem. Evaluate the overall presentation, structure and content of the financial stalemenls, including the disclosures, and whether the financial statements represent the underlying transactions and events in 8 manner that achieves fair presenlalKJn. We communicate with those charged wrth governan regarding, among other matters, the planned scope and timing of the audit and sanifICant aud(t findings. including any significant deficiencies in internal control that we idenlty during our audit. U$e of our report This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charf(ies Act 2011 and regulations made under section 154 of that Act. Our audrt work has been undertaken so that we might Slate lo the charity's membefs those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not aceepl or assume responsibilty to anyone other than th8 charty and the charills members as a b(y, for our audit wowk, for this report, or for the opinions we have fornd. Mr Charles Goldstein (Senior Statutory Audilorl For and on behalf of Brindley Goldstein Limited Chartered accounlanls & slalutory auditor 103 High street Waltham Cross EN8 7AN 28 January 2026
Satmar Nursery Trust Statement of Financial Activities Year ended 31 March 2025 2026 UnreStrted funds Total funds Totsl funds 2024 Not• Income and end*xvments Nursery fees and donations Total 5ncom6 2.202,467 2,202,467 1,569,470 1,569,470 2,202,467 2,202,467 Expendlture Expenditure on charitable activities Total expenditurg 5.6 2,012,298 2,012,298 1,538,082 2,012,298 2,012,298 1,538.082 Net income and net movement In fund$ 190,169 190,169 31,388 Reconciliation of fund8 Total funds brought forward Totsl funds carrled forward 139,940 139,940 108,552 330,109 330,109 139,940 The statement of financial activities includes all gains and losses rewgnised in the year. All income and expendf(ure derive from continuing aclivities. The notgs on pagos 11 to 17 fonn part of Ihe$• finon¢lo1 $tstsm•nts.
Satmar Nursery Trust Statement of Financial Position 31 March 2025 2025 2024 Not• Fixed assets Tangible fixed assels 12 304.936 105,059 Current assets Cash at bank and in hand 39,096 48.300 CreditOT5: amourtts falling due within one year Net current assets 13 13,923 13.419 25,173 34,881 Total a$set$ less current liabilities 330,109 139,940 Net assets 330,109 139,940 Funds of the charlty Unrestricted funds 330.109 139,940 Total charity funds 14 330,109 139.940 These linaneial stateme January 26, are we igned approved by the board of trustees and authorised for issue on 28 behalf of thè board by.. r B. Berger Trustee Thè notes on pages 1110 17 forni part of these flnanclal statements.
Satmar Nursery Trust Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operatlng actlvltles Net incorne 190.169 31,388 Adjustments for.. Dèpiecl81ion of tangible fixed assets Interest payable and similar charges Accrued expenses 40,917 63 17,899 159 5,250 Changes in." Tr8de and other debtors Trade and other credrto 15.728 15,253) 65,171 504 Cash generated from operations 231,653 Interest paid Nel cash from operating activities 1631 231,590 1159) S5.012 Cash flows from Investlng adiyities Purchase of tangible assets Nel cash used in investing activities 1240,7941 1240,7941 83,456) 83,456) Net decr•ase in cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year 9.2041 48,300 118,444) 66,744 48,300 39.096 The notsg on paggs 11 to 17 form part of the¥e financlal stateménts. 10
Satmar Nursery Trust Notes to the Financial Ststsments Year ended 31 March 2025 General Infomiatlon The charity is a public b8n8fil 8nlity and a registered charity in England and Wales and is unincorporated. The address of the principal Offi is 4 Chardmore Road, London, N16 6H Statement of compllance These financial slalements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended PraCte applicab18 to charitiès preparing th8ir accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charilies SORP {FRS 10211 and the Charities Act 2011. Accounting policlas Basis of preparation The financial statements have been prepared on the hislorieal cost basis. as nK)dffieil by the revaluation of certain financial assels and liabilities and investment properties measured at fair value through Income or expenditure. The financial statements are prepared in sleding, which is the ftjnctional currency of the entity. Golng concom Th8r8 are no material uncertainlies about the charity's abilty to continue. Di5c105ure exemptions Disclosures in resped of financial instruments have not been presented. Judgements and key sources of estimation uncartalnty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the anounls reported. These estimates and judgements are continually reviewed and are based on experience and othèr factors, including expecktions of future evènts that are believed to be reason8ble under the circumstances. Fund accounting Unrestricted funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subj8Cted lo r8stridions on their expenditure declared by the donor or through the lerTns of an appeal, and fall into one of sub<lasses'. restricted InMe funds or endowment funds. 11
Satmar Nursery Trust Notes to the Flnanclal Statements (continuédj Year ended 31 March 2025 Accounting policies (conthJu•d) Incomlng rgsources All incoming resources are included in the statement of financial activities when entitlement has passed to the charty", it is probable that the economic benefrts associated with the transaction will flow lo the charity and the amount can be reli8bly measLJred. The following specific policies are applied to particular categories of Income: income from donations or grants is r8cognised when there 15 eviden of entitlement lo the grft, receipt 15 PTobable and its amount can be measured reliably. legacy income is recognised when reeéipt is probable ar entlllemenl is estsblished. income from donated good5 15 measuied al the fair value of the goods unless this is impractical lo measure reliably, in which ease the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when r1Ved rf the value can bè reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the Supp of serVe8 is recognised with the delivery of the contracted service. This is classified as unresliicted funds unless there is a contractual requirement for it lo be spent on a particular pUoSe and retumed if unspent, in which se il may be regarded as restricted. ResourGes expended Expenditure is recognised on an aceruals basis as a liability Is incurred. Expenditure includes any VAT which cannot be fully recovered, and is ¢lassrfied under headings of the statement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non-charilable Irading activities, and the sale of donated gocKIs. expenditUTe on Gharitable activities includes all costs incurred by a charity in undèrtaking aelivilies that further its charitsble aims for the benefit of ils beneficiarie5, including those support costs and costs relating to the governance of the charity apportioned lo charitable 8Ctivities. other expendrture includes all expendrÉure that is neither related to raising funds for the charity nor part of ts expenditure on charitable activities. All costs ar8 allocaled lo expendrture categories reflecting the use of the resource. Direct Costs attributable lo 8 single activrty are allocated dirèctly to that activty. Shared costs are apportioned beeen Ihe activities they Gontribule to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease temi on a straighl-line basis. The aggregate benefrt of lease incentNes 18 rec¢JJnised as a reduction lo expense over the lease term, on a slratrjht-line basis. 12
Satmar Nursery Trust Notes to the Financial Statom6nts i¢oh&nu¢d) Year ended 31 March 2025 Tangible ass•ts Tangible asset5 are lnilial recorded at cost, and subsequently stated at cost less any aumulated depreciation and impaimienl losses. Any tangible assets carried al revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated deprèciation ar)d subsequent accumulated impairmenl losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless rt reverses a charge for impairment that ha5 prevK)usly been recognIs as expenditure wrthin the statement of financial activities. A decrease in the carrying amount ot an asset as a result of revaluation, is reeognised in other reniSed gains and 105ses, except to which il offsets any pr8viDUS revaluation gain. in which case the loss is shown wthin other rec(nISed gains and losses on thè statemènt of financial activities. Depreciation DepreCiatn is calculated so as to write off the cost or valuation of an asset. less ils re$U81 Value, over the useful economic lifè of that asset as follows.. Fixtures and fittings Motor vehicles Equipment 15% straight line 10¥0 Straigm line 330h straight line Impalment of flxed assets A review for indicators of impaimenl is carried out at each reporting d8tè, wf(h the recoverable amount being estimated where such indicalois exist. Where the Carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior imp8imienls arè also reviewed for possible reversal at each reporting date. For the purposes of impainnenl testing, when il is not possible lo estimate the recoverable amount of an individual asset, an estimate is mada of the recoverable amount of the ash-generating unil to whieh the asset belongs. The cash-generaling unit is the smallest idenlrfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash infi¢)ws from other assets or groups of assets. For impaimienl testing of goodwill, thè goodwill acquired in a busine55 combination is, from the acqui511ion dale, allocated lo each of the ca5h-generating unrts that are expected to benefit from the synergies of the combination, irrespective of whether other assets or Irdbilrties of the charity are assigned to those units. 13
Satmar Nursery Trust Notss to the Financial Statements rcontlnu Year ended 31 March 2025 Nursery fees and donations unreStrted Total Funds Unreslricled Totsl Fund8 Funds 2025 Fund5 2024 Donatlons Donations and grfts Nursery fees and grants 116,897 2.085,570 116,897 2,085,570 106.944 1.462,526 106,944 1,462,526 1,569,470 2,202,467 2,202.467 1,569.470 14
Satmar Nursery Trust Notes to tho Financial Statements {conihJued) Year ended 31 March 2025 Expendlture on charitsble activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Nursery cost Support costs 1,972.424 39.874 1,972,424 39,874 1,509,501 28.581 1,509.501 28,581 2,012,298 2.012.298 1,538,082 1,538,082 Expenditure on Gharitable activitie8 by acvIty typo Activities undertaken Grant funding directly of activities Support Total funds cos15 202S Total fund 2024 Nursery Cost Govemance costs 1,943,379 29,045 1,972,424 39,874 1,509,501 28,581 1,538,082 39,874 1,943,376 29,045 39,877 2,012.298 Analysls of grants 2025 2024 Charitable grants Charitable grants Total grants 29,500 22,249 29,500 22,249 Nel Income Net income is slated after chargingllcreditingl.. 2025 2024 Depreciation of tsngible fixed assets Op8raling ase rentals 40,917 17,899 1,216 Audltors remuneration 2025 2024 FÉes payable for the audit of the financial slalemenls 7,200 7,200 15
Satrnar Nursery Trust Notes to the Financial Statements (contlnv8d) Year ended 31 March 2025 10. Staff costs The total staff c051s and employee benefft8 for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security wsts 649,085 14,019 663.105 473,552 3,362 476,914 The average head count of employees during the year was 6012024.. 541. The average nunkner ffull-time equivalent employees during the year is anatysed as follow5-. 2025 No. 2024 No. Number of staff 60 No employee received employee benefits of more than £60,C0 during the year12024'. Nill. 11. Trustee remuneratlon and gxpenses No remuneTalion or other benefrts from employment with the charity or a related entty w8r8 rec8ived by the trustee5. 12. Tangible fixed assets Fixtures and rfftings Motor vèhicles Equlpmenl Totsl Cost Al 1 April 2024 Addftions 100.052 239.971 28,914 128,966 240,794 369.760 823 At 31 March 2025 340.023 28.914 823 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 17,643 37,942 6.264 2,892 23,907 40,917 64,824 83 55,585 9,156 83 Carrylng amount At 31 March 2025 284,438 19,758 22,650 740 304,936 At 31 March 2024 82,409 105.059 13. Creditors: amounts falling due wfthTn one yepr 2025 2024 Trade Credrtors Accruals and deferred income sla1 security and other taxes 4,545 7,200 2,178 13,923 6.047 7,200 172 13.419 16
Satmar Nursery Trust Notes to the Financlal Slatements rcontinuedj Year ended 31 March 2025 14. Analysls of charltable funds Unrestricted funds At 31 March 20 25 Al 1 April 2024 Income Exp8ndf(ur8 G8n8ral funds 139,940 2,202,467 (2,012,298) 330,1 C19 At 31 March 20 24 Al 1 April 2023 Income Expenditure General funds 108,552 1.569,470 11.538,0821 139,940 15. Analysis of net assets between funds Unr8stricted Total Funds Funds 2025 Tangible fixed ass8ts Current assets Credrtors less than 1 year Net assats 304,936 39,096 113.9231 330,109 304.936 39,096 {13,923} 330,109 Unrestrictetl Tot81 Funds Funds 2024 Tangible fixed assets Current assets Creditors 55 than 1 year Net assets 105,059 48,300 {13,4191 139,940 105.059 48,300 113,4191 139,940 16. Analysis of changès in n•t dèbt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 48,300 19,2041 39,D96 17